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      • Worksheet: Assess current operating environment
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  1. Funding Models
  2. Funding Model Tipsheets

Corporate Partnerships Tipsheet

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Large companies and businesses present a great opportunity for civil society organizations (CSOs) to gain support to advance their impact. As part of their social responsibility efforts, corporations sometimes form partnerships with nonprofit organizations. Through these purpose-driven partnerships, companies can demonstrate their social impact while building a positive brand value and reputation with their customers. For nonprofits, partnering with corporations can lead to financial support, in-kind contributions, volunteer engagement, and increased visibility. There are many types of corporate partnerships:

Glossary

  1. Environmental, Social, and Governance (ESG) - Criteria used to measure a company’s commitment to responsible and ethical practices across environmental impact, social responsibility, and internal governance.

  2. Memorandum of Understanding (MoU) - A formal agreement outlining terms, roles, and responsibilities between two parties, such as a nonprofit and corporate partner.

  3. Sustainable Development Goals (SDGs) - Seventeen global goals set by the United Nations aimed at addressing social, economic, and environmental issues by 2030. CSR activities often align with SDGs to demonstrate global impact.

  4. Ethical Sourcing - The practice of procuring goods and materials in a manner that respects social, environmental, and economic standards and best practices.

  5. Supplier Diversity Programs - Initiatives to source from diverse and underrepresented suppliers, including nonprofits and social enterprises, to support community-based and minority-owned businesses.

  6. Request for Proposal (RFP) - A document issued by companies or other organizations to solicit proposals from nonprofits, detailing project goals, requirements, and selection criteria for partnerships.

  7. Diversity, Equity, and Inclusion (DEI) - Corporate initiatives aimed at promoting diversity in hiring, fostering an inclusive workplace, and ensuring equitable practices within the organization.

In-kind donations

Donations of goods or services, such as technology, office space, or consulting expertise.

Skilled Volunteering

Corporate volunteering programs where employees use their skills to benefit nonprofit activities.

Corporate Social Responsibility

Financial support such as grants to support initiatives to address social or environmental issues, such as community development or sustainability projects.

Fee-for-service

Generating revenue by providing specific services or products to businesses.